Inputs Draft Dow to Upside

November 9, 2012 09:16 AM

Your Inputs Monitor reported yesterday that inputs stocks had followed the Dow on a downward spiral. The Dow finished the day stronger today and the moderating price action drew about half of the inputs stocks out of the spin. Yesterday's two highlights were TNH and CHS (click here for the story).

As of today's close (Friday 11/9)...

TNH gained a full point today to $227.00; CHS 19% higher on the day to $31.02.

CF Industries rallied 0.81 higher to $196.56; Petrologistics LP (PDH) 0.05 lower to $11.60; Mosaic (MOS) 0.26 higher to $51.79.

Monsanto (MON) 0.26 higher to $86.59; Syngenta (SYT) sheds 0.14, lower on the day to $75.75; DuPont (DD) added 0.12 to $43.38; Agrium (AGU) 0.77 higher to $96.06.

DJI ended the day today 15.82 higher at 12,827.14.


Photo credit: duncan / Foter / CC BY-NC

The factors that chased the Dow lower yesterday -- the fiscal cliff, scant investor confidence and global uncertainty -- are still peering in the back windows, but with the election in the rear-view mirror, pricing action is beginning to moderate.

Look for stocks to resume the status qou -- for the time being. Unfortunately, the election is the only cliffhanger that has been resolved. A great deal of uncertainty lies ahead and, based on the last week, inputs stocks will do more than just threaten to dive -- when the big board falls, inputs will fall with it.

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